Today is the final day to apply for the Chase Sapphire Reserve with the lower annual fee...but should you_

Today is the final day to apply for the Chase Sapphire Reserve with the lower annual fee…but should you?

Advertiser Disclosure: CBoardingGroup has partnered with CardRatings for our coverage of credit card products. CBoardingGroup and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases. I may also earn commissions from other affiliate programs as applicable. See our privacy & disclosure page for more info

The Chase Sapphire Reserve Card is undergoing some significant changes starting tomorrow most notably a increase in annual fee from $450 to $550. The changes to this incredibly popular credit card (arguably THE most popular credit card) have the points and miles community in a mild uproar with various opinions about which direction to go.

With the few hours you have left to get this card under the old rate we share a few key pieces of information to help our readers decide which direction to go.

Option 1: Get the old card with the lower fee

Chase Sapphire Reserve®

The current offer which expires tomorrow gives holders the following benefits:

  • Earn 50,000 bonus points spending $4,000 on purchases in the first 3 months (which is worth roughly $750 toward travel)
  • $300 Annual Travel Credit as reimbursement for travel purchases each anniversary
  • 3X points on travel after earning the $300 travel credit.
  • 3X points on dining and 1 point per $1 spent on all other purchases.
  • $0 foreign transaction fees (always nice for international travelers!)
  • 1:1 point transfer to most airline and hotel programs .
  • Access to 1,000+ airport lounges worldwide after enrollment in Priority Pass™
  • $100 application fee credit for Global Entry or TSA Pre✔

The annual fee for the current version of the card is $450.00 annually, which is a decent chunk of change, but when you factor in the $300 travel credit and all of the other rewards this card comes with it’s pretty great value overall.

Option 2: Wait, and get the new card with higher fee (but new benefits)

Here’s what we know about the new card (available 1/12/20):

The higher fee isn’t great, and frankly the benefits are uninspiring. I don’t see the value. That said, this card will still remain a top notch card in most people’s books, fee increase or not.

What to do?

From reading other peoples takes on this, there’s some suggestion that if folks wait to sign up with the new card they might be able to take advantage of some yet unannounced sign up bonus. But that’s a gamble.

My take is this: sign up now to avoid paying the extra fee. Why pay the extra cash on the hope of a better off? Bird in the hand and all that….

Besides the # of times I am interested in using DoorDash is ZERO.

Thanks!

Best of luck out there readers and happy traveling. Here is a link to apply for the Chase Sapphire Reserve card.

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Author Biography

We. Do. Business Travel. The CBoardingGroup.com is a leading business travel focused travel blog. The principal author has over 18 years of consistent & frequent business travel. Over the years, he has developed various travel habits, travel tips, advice and more that he shares with fellow travelers of all skill levels. From hotel life, to airplane tips, to the weekly grind of frequent travel, plus a little travel humor, this blog is a haven for business travelers. Read his full bio here.

Advertiser Disclosure: CBoardingGroup has partnered with CardRatings for our coverage of credit card products. CBoardingGroup and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities. “Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.”

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